U.S. 10-year Treasury yields rose to 5.20%, the highest in 19 years, signaling a sharp jump in long-term borrowing costs. Mortgage rates climbed back above 7%, increasing refinancing pressure on households, businesses and commercial real estate.
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U.S. 10-year Treasury yields rose to 5.20%, the highest in 19 years, signaling a sharp jump in long-term borrowing costs. Mortgage rates climbed back above 7%, increasing refinancing pressure on households, businesses and commercial real estate.
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